Commerce Exam Past Questions and Answers | JAMB, WAEC and NECO

Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.

• Question 771: Tourism serves the purpose of Options:
  A) cross-cultural understanding and peaceful interaction
  B) opening values for leaving the country
  C) economic development and naturilization
  D) exploiting the country's natural endowment
  Show Answer
  The correct answer is D .
• Question 772: The type of advertising that seeks to persuade consumers to buy a particular product is Options:
  A) Informative advertising
  B) Competitive advertising
  C) Persuasive advertising
  D) mass and specific advertising
  Show Answer
  The correct answer is C .
• Question 773: Ocean liners are subdivided into Options:
  A) passenger liner and cargo liners
  B) coastel liners and cargo liners
  C) cargo liners and tramp liners
  D) passenger liners and tramp liners
  Show Answer
  The correct answer is A .
• Question 774: The financial instrument for borrowing in which the collateral is usually more than the amount borrowed is? Options:
  A) trust certificate
  B) detachable warrant
  C) mortage bond
  D) converttible securities
  Show Answer
  The correct answer is C .
• Question 775: The most important pieces of legislation governing business and commercial activities in Nigeria currently is the Options:
  A) Companies degree,1968
  B) Trade Disputes degree, 1976
  C) Companies and Allied matters degree,1990
  D) Banks and Other Financial institution degree,1991
  Show Answer
  The correct answer is C .
• Question 776: Which of the following regulates and controls the activities in the Nigerian Stock Exchange? Options:
  A) BPE
  B) SEC
  C) NDIC
  D) CBN
  Show Answer
  The correct answer is B .
• Question 777:

  What is a quota?

  Options:
  A) ban on all imported goods
  B) a physical restriction placed on quantity of goods that can be imported
  C) tax paid on goods produced within a country
  D) tax paid on goods produced outside a country
  Show Answer
  The correct answer is B .
• Question 778: Which of the following is an example of trade associations? Options:
  A) European Union
  B) National Marketing Board
  C) Organization of African Unity
  D) National Farmers' Council
  Show Answer
  The correct answer is B .
• Question 779: The partner that only contributes part of the capital used in the formation and running of a business is known as? Options:
  A) a passive partner
  B) an active partner
  C) a dormant partner
  D) a nominal partner
  Show Answer
  The correct answer is C .
• Question 780: The basic function of the Nigeria Ports Authority is to? Options:
  A) ensure that the right calibre of personnel is employed at the ports
  B) coordinate and regulate the activities of shipping lines
  C) facilitate and control the movement of goods and services into and out of the country
  D) coordinate the activities of all the seaports in the country
  Show Answer
  The correct answer is D .